A Pareto Optimal Auction Mechanism for Carbon Emission Rights

1School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China2School of Economics, Capital University of Economics and Business, Beijing 100070, China3Department of Manufacturing Engineering & Engineering Management, City University of Hong Kong, Kowloon, Hong Kong4Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China

Received 23 December 2013; Accepted 24 February 2014; Published 30 March 2014